TaxGuyBill
Level 15
12-07-2019
05:47 AM
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I'll let a Lacertian answer your actual questions (I use ProSeries), but the election out of Bonus depreciation applies to all assets in that class (7 year, 5 year, etc.), but the election 'out' ONLY applies to that class. Other classes (such as 5 year versus 7 year) can still use Bonus.